Far-sightedly betting on gold despite the crisis
Crises come and go; the safe haven gold should also prove itself this time – 5,000 years of history speak for it
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It doesn't make sense to despair over low stock prices. Escape is not an option. Even if there are expeditions to the lowest point of the world's oceans. In the Mariana Trench, travellers can dive down to a depth of 10,928 metres. A peaceful and relaxed area awaits the stressed out there.
At present, however, foresight and experience from the history of other crises are more helpful. It is still necessary to cheat the devaluation of money and, if possible, make provisions for well-earned retirement. One of the biggest mistakes made by investors is certainly to sell in panic when prices fall sharply.
If you get back on board, usually only when the prices have recovered, then the train has already left. Stock exchange veteran Kostolany summed this up with the sentence "you must never run after a tram and a share".
Those who have trusted in gold and gold stocks should stick with it. Although gold shares belong to the speculative investments, they can often compensate for the fluctuations of a diversified portfolio in times of crisis. In the stock market, patience pays off, or as stock market guru Kostolany said "buy stocks, take sleeping pills".
Among the interesting candidates in gold mining are certainly Vizsla Resources and Fiore Gold.
Vizsla Resources owns the Panuco silver and gold property in Mexico on historic ground: https://www.commodity-tv.com/play/vizsla-resources-consolidating-silver-district-in-mexico-fast-track-to-production/. It has 35 kilometres of underground mines, a mill, roads, electricity and permits. The drilling program is ongoing.
Fiore Gold is one of the gold producers: https://www.commodity-tv.com/play/fiore-gold-releasing-pea-for-second-gold-mine-gold-rock-end-of-march/. Production is to be increased at the producing Pan open pit mine in County, Nevada. Nearby, Fiore Gold is working on the development of the Gold Rock project.
Latest company information and press releases from Vizsla Resources (https://www.resource-capital.ch/en/companies/vizsla-resources-corp/) and Fiore Gold (https://www.resource-capital.ch/en/companies/fiore-gold-ltd/).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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